United Electronics Company reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SAR 1,622.01 million compared to SAR 1,602.46 million a year ago. Revenue was SAR 1,749.73 million compared to SAR 1,700.41 million a year ago. Net income was SAR 61.67 million compared to SAR 127.12 million a year ago. Basic earnings per share from continuing operations was SAR 0.81 compared to SAR 1.69 a year ago. Diluted earnings per share from continuing operations was SAR 0.77 compared to SAR 1.59 a year ago.
For the six months, sales was SAR 2,937.04 million compared to SAR 2,917.47 million a year ago. Revenue was SAR 3,187.87 million compared to SAR 3,112.39 million a year ago. Net income was SAR 146.12 million compared to SAR 224.63 million a year ago. Basic earnings per share from continuing operations was SAR 1.92 compared to SAR 2.99 a year ago. Diluted earnings per share from continuing operations was SAR 1.83 compared to SAR 2.81 a year ago.